"Insolvent" Quotes from Famous Books
 ... energetic and merciful Statesman, And a still more eminent and merciful Judge. During his three years' tenure of office He abolished the ancient method of conveying land, The time-honoured institution of the Insolvent's Court, And The Eternity of Punishment. Toward the close of his early career, In the Judicial Committee of the Privy Council, He dismissed Hell with costs, And took away from the Orthodox members of the Church of England Their ...
— History of the Warfare of Science with Theology in Christendom • Andrew Dickson White
... story—to give one example out of a score—he had been obliged to apply for the benefit of the Insolvent Act, in Philadelphia, owing to losses he had sustained by lending money to distressed compatriots, and eleemosynary outcasts, and had been opposed in the Court of Insolvency by Colonel John Stille, ...
— The Atlantic Monthly, Volume 20, No. 122, December, 1867 • Various
... We are afraid of truth, afraid of fortune, afraid of death, and afraid of each other. Our age yields no great and perfect persons. We want men and women who shall renovate life and our social state, but we see that most natures are insolvent, cannot satisfy their own wants, have an ambition out of all proportion to their practical force,[224] and do lean and beg day and night continually. Our housekeeping is mendicant, our arts, our occupations, our marriages, our religion, we have not chosen, but society ...
— Essays • Ralph Waldo Emerson
... not try to tell a man how he should provide for his family. Men of honor need no such reminder, though they may be bothered by the question: "How much can I afford?" On that point, sufficient to say that it is not more blessed to be insolvent and worried about debts from being overloaded with insurance than for any other reason. Many retired officers supplement their pay by selling insurance. When a young service officer wants insurance counsel, ...
— The Armed Forces Officer - Department of the Army Pamphlet 600-2 • U. S. Department of Defense
... returned to it. He obtained a cruising vessel, which was lost in the Atlantic two years afterwards. The widow was left in affluence, but reverses of various kinds had befallen her: a bank broke; an investment failed; she went into a small business and became insolvent; then she entered into service, sinking lower and lower, from housekeeper down to maid-of-all-work,—never long retaining a place, though nothing decided against her character was ever alleged. She was considered sober, honest, and peculiarly ...
— Haunted and the Haunters • Edward Bulwer Lytton
... Litteraire. But in time the glories of the exclusive and classically minded coterie faded, its leading spirits died or disappeared, the superior monthly organ—torch for all the country—burnt itself out, lost subscribers—in fact the whole business was declared insolvent, and the nervous, gifted, but too sanguine editor-in-chief (there were three editors), M. Anselme-Ferdinande Placide De Lery, avocat, and the devoted, conscientious, but unprogressive secretary, old Amedee ...
— Ringfield - A Novel • Susie Frances Harrison
... teacher; one of the ugliest countenances he had that need be exhibited—enough, as we say, to spean weans. The man was always extremely precise in the quality of everything about him; his dress, accommodations, and everything else. He became insolvent, poor man, and, for some reason or other, I attended the meeting of those concerned in his affairs. Instead of ordinary accommodations for writing, each of the persons present was equipped with ...
— Memoirs of the Life of Sir Walter Scott, Volume I (of 10) • John Gibson Lockhart
... allowed whether the suit is by or against the husband and whatever the nature of the suit may be. The usual English practice is to allot as temporary alimony about one-fifth of the husband's net income; where it appears that the husband has no means or is in insolvent circumstances, the court will refuse to allot temporary alimony. So where the wife is supporting herself by her own earnings, this fact will be taken into consideration. And where the wife and husband have lived apart for many years before the institution of the suit, and she has supported ...
— Project Gutenberg Encyclopedia
... exactly coincide and many payments are made among the customers of a single bank, requiring only bookkeeping transfers. A fractional reserve is therefore ordinarily fully adequate, altho with any less than a 100 per cent reserve any bank would be insolvent if all of its demand obligations were presented at the same instant. Such a contingency is made impossible by business custom and public opinion especially among the larger customers of banks, but the panic of small depositors often brings ...
— Modern Economic Problems - Economics Vol. II • Frank Albert Fetter
... a sense of public duty would again be the attributes of royalty. In this session, too, it conferred a boon upon Ireland, which earned little gratitude, by the consolidation of the British and Irish exchequers. Ireland was virtually insolvent before this measure was passed. With the union of the exchequers the union of the countries was completed. The administration, discredited by its financial policy, was strengthened in June by the acquisition of Canning, who succeeded Buckinghamshire ...
— The Political History of England - Vol XI - From Addington's Administration to the close of William - IV.'s Reign (1801-1837) • George Brodrick
... fattens. If his country is fighting by a levy en masse for her very existence, he aids her by depreciating her paper, so that he may accumulate fabulous amounts with little outlay. If his neighbor is distressed, he buys his property for a song. If he administers upon an estate, it turns out insolvent, and the orphans are paupers. If his bank explodes, he is found to have taken care of himself in time. Society worships its paper-and-credit kings, as the old Hindus and Egyptians worshipped their worthless idols, and often ...
— Morals and Dogma of the Ancient and Accepted Scottish Rite of Freemasonry • Albert Pike
... principal one. The Budget excited fiercer passions, and raised greater issues. It was for no mere scheme of finance that the Government had to fight, but against a violation of public faith which would have left France insolvent and creditless in the face of the Powers who still held its territory in pledge. The debt incurred by the nation since 1813 was still unfunded. That part of it which had been raised before the summer of 1814 had been secured by law upon the unsold forests formerly belonging to the Church, ...
— History of Modern Europe 1792-1878 • C. A. Fyffe
... attorney of upwards of fifty years' standing;) nay—even Mr. Gammon, foiled at length, could not for the life of him refrain from a soft curse or two. Neither of them could make anything of it—(as for Snap, they never showed it to him; it was not within his province—i. e. the Insolvent Debtors' Court, the Old Bailey, the Clerkenwell Sessions, the Police Offices, the inferior business of the Common Law Courts, and the worrying of the clerks of the office—a department in which he ...
— Ten Thousand a-Year. Volume 1. • Samuel Warren
... are your duties, you do not know where your true riches are. And if you have all that men can acquire of the lower things of life, whether of what is generally called wealth or of other material benefits, and have that great indebtedness standing against you, you are but an insolvent after all. Here is the treasure that will make you rich, because it will pay your debts, and endow you with capacity enough to meet all future expenditure—viz. the possession of the forgiving and cleansing grace of God which is in Jesus Christ. If you have that, you are rich; ...
— Expositions of Holy Scripture - St. Matthew Chaps. IX to XXVIII • Alexander Maclaren
... a miserable miser," said Jim, with a bitter smile at the thought of Gus's insolvent condition. "He isn't the same ...
— Acton's Feud - A Public School Story • Frederick Swainson
... of Europe." Burdened with debts which were the legacy of an era of speculation, a considerable part of the population, especially of the farmer class, was demanding measures of relief which threatened the security of contracts. "Laws suspending the collection of debts, insolvent laws, instalment laws, tender laws, and other expedients of a like nature, were familiarly adopted or openly ...
— John Marshall and the Constitution - A Chronicle of the Supreme Court, Volume 16 In The - Chronicles Of America Series • Edward S. Corwin
... himself, and owing much Money, he would not for his Right-hand set a Gentleman into the hands of a Bailiff. The Information carrying such an honest Face with it, cannot fail of being received with due Gratitude. The Insolvent is now obliged to look to himself, and instead of stealing to Chelsea or Kensington for a little Air, is forced to confine himself to bad Punch and worse Wine at some blind Hedge Coffee-house or Tavern ...
— The Tricks of the Town: or, Ways and Means of getting Money • John Thomson
... preacher, it will be readily imagined it had no church. With the first crowd who located there came an insolvent rumseller from the East. He called himself Pentecost, which was as near his right name as is usual with miners, and the boys dubbed his shop "Pentecost Chapel" at once. The name, somehow, reached the East, for within ...
— Romance of California Life • John Habberton
... were an ancient stock, who could trace themselves so exceedingly far back that it was not surprising if they sometimes lost themselves - which they had rather frequently done, as respected horse-flesh, blind-hookey, Hebrew monetary transactions, and the Insolvent ...
— Hard Times • Charles Dickens*
... Pageantry, similar to Balthazzers quaffing in the holy vessels, did not pass long without a note of observation, for though Milne had scraped together much riches, yet, in a short time, he became an insolvent bankrupt, and was forced to flee to the Abbey; after which he became distracted, and died in ...
— Biographia Scoticana (Scots Worthies) • John Howie
... years Pompey had done nothing to sustain or to revive his obsolete reputation. Capua or other great towns knew him only as a great proprietor. And let us ask this one searching question—Was the poor spirit-broken insolvent, a character now so extensively prevailing in Italian society, likely to sympathize more heartily with the lordly oligarch fighting only for the exclusive privileges of his own narrow order, or with the great reformer who amongst a thousand plans for ...
— The Posthumous Works of Thomas De Quincey, Vol. II (2 vols) • Thomas De Quincey
... Harrison became insolvent. The landlord locked up the hall with all the belongings of the troupe nor would he release the goods until the rent was paid in full. Harrison was appealed to. He sneered at the impecunious minstrels and taunted them by saying: "Now go get your stuff out. If you all hadn't been so peart I'd ...
— Watch Yourself Go By • Al. G. Field
... Night again. "Had those Hussars only let him in!" said Austria afterwards: but they had not such luck. It was at this point, according to Valori, that the King burst forth into audible ejaculations of a lamentable nature. There is no getting over, then, even to Brandenburg, and in an insolvent condition. Not open insolvency and bankrupt disgrace; no, ruin, and an Austrian jail, is the one outlook. "O MON DIEU, O God, it is too much (C'EN EST TROP)!" with other the like snatches of lamentation; [Valori, i. 104.] which are not inconceivable in a young man, sleepless ...
— History of Friedrich II. of Prussia, Vol. XII. (of XXI.) • Thomas Carlyle
... tailors being generally acknowledged, it is almost needless to state, that the faintest indication of seediness will be fatal to your reputation; and as a presentation at the Insolvent Court is equally fashionable with that of St. James, any squeamishness respecting your inability to pay could only be looked upon as a want of moral courage upon ...
— Punch, or the London Charivari, Volume 1, Complete • Various
... have been to the peasantry around him! How it must have exalted their ideas of the civilising influence of land agency. 'It is quite a common thing,' says a gentleman well acquainted with the estate, 'when a tenant becomes insolvent, that his tenant-right is sold and employed to pay those of his creditors who may be in favour. I know a lady who made application to have a claim against a small farmer registered in the office, which was done, and ...
— The Land-War In Ireland (1870) - A History For The Times • James Godkin
... affairs came to be looked into, it was found that he was practically insolvent, his stock of goods and personal property barely—but nearly enough to free him from censure—covering his liabilities. Following came the disclosure that he had been entrusted with the sum of twenty thousand dollars by a former upper servant in the Morin family, ...
— Roads of Destiny • O. Henry
... inhabitants, that failures of merchants and settlers continued to be of almost daily occurrence up to the end of the year 1843. No one durst push his neighbour for payment of debt: were such a thing attempted, an immediate surrender of his affairs to the official trustee of the Insolvent Court, was the consequence. Several of the first and oldest merchants in the Colony have sunk under the long-continued pressure; and, at the date of the last accounts, more failures were looked for. These, however, were expected as the result of old ...
— Trade and Travel in the Far East - or Recollections of twenty-one years passed in Java, - Singapore, Australia and China. • G. F. Davidson
... withholding from her financial control over the revenues of the State, she has only herself to blame if she is told very bluntly that her claim to such control is barred by the fact that she is, as a citizen insolvent. The taxes paid by women would cover only a, very small proportion of the establishment charges of the State which would properly be assigned to them. It falls to man ...
— The Unexpurgated Case Against Woman Suffrage • Almroth E. Wright
... own words exactly, if you will recollect—and you sneered in my face." She looked at him with narrowed eyes and her voice was flint: "The time you'll get is the time it will require for me to go before a notary and swear that your bank is insolvent—twenty minutes—a ...
— The Fighting Shepherdess • Caroline Lockhart
... they durst not face it. I know of no stranger power than that by which men can ignore unwelcome questions; and I know of nothing more tragical than the fact that they choose to exercise the power. What would you think of a man who never took stock because he knew that he was insolvent, and yet did not want to know it? And what do you think of yourselves if, knowing that the thought of passing into that solemn eternity is anything but a cheering one, and that you have to pass thither, you never turn your head ...
— Expositions of Holy Scripture - Isaiah and Jeremiah • Alexander Maclaren
... logic. G.A.S.] might have provoked a less fiery people than the Southrons. At the inception of the struggle a large amount of Southern indebtedness was held by the people of the North. To force payment from the generous but insolvent debtor—to obtain liquidation from the Southern planter—was really the soulless and mercenary object of the craven Northerners. Let the common people of England look to this. Let the improvident literary hack, the starved impecunious Grub Street debtor, the newspaper frequenter ...
— The Luck of Roaring Camp and Other Tales • Bret Harte
... doubt, have very much discouraged others. By these means they have had few or no people in Louisiana, but such as were condemned to be sent to it for their crimes, women of ill fame, deserted soldiers, insolvent debtors, and galley-slaves, forcats, as they call them; "who, looking on the country only as a place of exile, were disheartened at every thing in it; and had no regard for the progress of a colony, of which they were only members by compulsion, and neither knew nor considered its ...
— History of Louisisana • Le Page Du Pratz
... similarly situated would be? Under the present system of credit transactions, indeed, it would be strange if a part of them were not careless and extravagant, and it would not be strange if a great majority were hopelessly improvident and insolvent. No man is more likely to waste his means than he who never knows how much he has to spend; and this general truth is not likely to fail in its application to men following a precarious calling in which there are great runs ...
— Second Shetland Truck System Report • William Guthrie
... Treasury act of the previous Congress, and the next was the establishment of a general system of bankruptcy, and for distribution of the public land revenue. The former was more than a bankrupt law; it was practically an insolvent law for the abolition of debts at the will of the debtor. The bill passed both Houses. The land-revenue distribution was made imperative by the fact that various American States and municipalities owed $200,000,000 to European creditors. These became uneasy, and wished ...
— A History of the Nineteenth Century, Year by Year - Volume Two (of Three) • Edwin Emerson
... have known that La Salle was insolvent. Tonty had long served without pay. Douay says that he made the stay of the party at the fort very agreeable, and speaks of him, with some apparent compunction, as "ce brave Gentilhomme, toujours inseparablement attache aux interets du ...
— France and England in North America, a Series of Historical Narratives, Part Third • Francis Parkman
... daughter of Ex-Gov. ——, of Virginia, by a quarteron woman. She was born a slave, but was acknowledged as her father's child, and reared in his family with his legitimate children. When she was ten years old her father died, and his estate proving insolvent, the land and negroes were brought under the hammer. His daughter, never having been manumitted, was inventoried and sold with the other property. The Colonel, then just of age, and a young man of fortune, ...
— Among the Pines - or, South in Secession Time • James R. Gilmore
... measure off the land, and an order, verbal or written, was deemed a sufficient title. Not unfrequently, the applicant changed his choice, and migrated from one spot to another. The governor often permitted the issue of rations and implements a second time, to enable indolent or insolvent settlers to till a second heritage.[165] Trade was, however, more agreeable to many emancipists than agriculture. The officers located near them were willing to purchase their petty farms: thus the small holdings were bought up,[166] and the ...
— The History of Tasmania, Volume I (of 2) • John West
... the Surface school was one day heard to boast that from his continually breaking his promises made to his creditors, they must imagine him to have been brought up in a court:—"Yes," replied a byestander, "the Insolvent's Court." ...
— The Mirror of Literature, Amusement, and Instruction, Vol. 10, No. - 287, December 15, 1827 • Various
... chiefs are enabled to oppress the lower class of people, and from which abuses the English Residents find it necessary to be the most watchful to restrain them. In some cases one half of the produce of the labour is applied to the reduction of the debt, and this situation of the insolvent debtor is termed be-blah. Meranggau is the condition of a married woman who remains as a pledge for a debt in the house of the creditor of her husband. If any attempt should be made upon her person the proof of it annuls the debt; but should she bring an accusation of that nature, and ...
— The History of Sumatra - Containing An Account Of The Government, Laws, Customs And - Manners Of The Native Inhabitants • William Marsden
... exclusively fell, crushed every attempt at productive industry. It was the same thing as if all the farmers on each estate were to be bound to make up, annually, the same amount of rent to their landlord, no matter how many of them had become insolvent. We know how long the agriculture of Britain, in a period of declining prices and frequent disaster, would exist ...
— Blackwood's Edinburgh Magazine, Volume 56, Number 350, December 1844 • Various
... feer'mo forwarding | eksped-o, -ado[8] | ekspeh'-doh, -dah'doh free on board | afranke sur sxipon | afrahn'keh soor (f.o.b.) | | sheep'ohn freightage | frajta prezo | frahy'tah preh'zo guarantee, a | garantio | garahntee'o imports | importoj | impohr'toy insolvent | nesolventa | nehsolvehn'ta insurance policy | asekura poliso | ahsehkoor'ah polee'so — premium | asekura premio | ahsehkoor'ah prehmee'oh insure, to | asekuri | ahsehkoo'ree introduction | prezento | prehzehn'toh —, letter of | prezenta letero | prehzehn'ta leteh'ro invest, to ...
— Esperanto Self-Taught with Phonetic Pronunciation • William W. Mann
... common practice in Ireland to fix a rent for a tenant and to reduce that rent on the tenant executing certain improvements. No improving tenant, or one who pays his rent, is ever disturbed in possession of his farm—it is only the insolvent one that is put out, and by the time the landlord can obtain possession of the farm it is always in a most delapidated condition. An ejectment for non-payment of rent cannot be brought till a clear ...
— The Letters of "Norah" on her Tour Through Ireland • Margaret Dixon McDougall
... and Jezebel, 1 Kings 18:4; which circumstance rendered it highly fit that the prophet Elisha should provide her a remedy, and enable her to redeem herself and her sons from the fear of that slavery which insolvent debtors were liable to by the law of Moses, Leviticus 25:39; Matthew 18:25; which he did accordingly, with God's help, at the expense ...
— The Antiquities of the Jews • Flavius Josephus
... the charter, reflecting the highest credit on the Commissioners, and bringing timely aid to an embarrassed community.' In little more than two years, however, the Mississippi Bank became totally insolvent, having lost the entire five millions invested in it by the State. Immediately on this having transpired, the Governor of the State sent a message to the Legislature recommending them to repudiate (this was the first time the word was used) their ...
— The Continental Monthly, Vol. 4, No. 2, August, 1863 - Devoted to Literature and National Policy • Various
... of the Hinkle theory had failed, and then Miss Milray devolved upon the belief that he had run his tailor's bill or his shoemaker's. "They are delightful, those Russians, but they're born insolvent. I don't believe he's drowned himself. How," she broke off to ask, in a burlesque whisper, "is-the-old-tabby?" She laughed, for answer to her own question, and then with another sudden diversion she demanded of a look in Clementina's ...
— Henry James, Jr. • William Dean Howells
... girls in every circle, married to men not by any means insolvent, who have unlimited credit, but never any money of their own. They have carriages but no car fare; fine stationery, monogrammed and blazoned with a coat of arms, but not by any chance a ...
— The Spinster Book • Myrtle Reed
... should be left in control of his own property and that of his wife; all his belongings and his inherited property should belong to his creditors, and he should administer his affairs in their interests under supervision; he should still carry on his business, signing always 'So-and-so, insolvent,' until the whole debt is paid off. If bankrupt, he should be condemned, as formerly, to the pillory on the Place de la Bourse, and exposed for two hours, wearing a green cap. His property and that of his wife, and all his rights of every kind should ...
— Rise and Fall of Cesar Birotteau • Honore de Balzac
... himself invited to take charge of the Electric Light Company at a time when it was insolvent and in disgrace with the people, and he took the Corporation in hand on the specific understanding that he should be allowed to put his soul into it, that he should be allowed his own way for three years—in believing in people, and in inventing ways ...
— Crowds - A Moving-Picture of Democracy • Gerald Stanley Lee
... stable has become the most restless one. It consists to-day of a few remnants of a past time, and a number of people eager to make fortunes, industrial Micawbers and speculators of whom one may amass a fortune, while ninety-nine become insolvent, and more than half of the ninety-nine live by perpetually ...
— The Condition of the Working-Class in England in 1844 - with a Preface written in 1892 • Frederick Engels
... learned with surprise that, business being more impeded than ever, the President had despatched an agent to England to contract with the Barings a loan of $6,000,000. Seeing the Bank to be insolvent he resolved not to renew its charter. The Bank tried to hide its insolvency by the most foolish land speculations, which had already caused such great disaster in 1818 and 1820. The issue of bank notes had given fresh spirit to speculation. These bank notes were received by the National ...
— A Brief History of Panics • Clement Juglar
... heaviest losers, was elected to the chair, but beyond making a statement which told them nothing, he could do little. When he informed them that Lord Highcliffe had died practically insolvent, a murmur arose, a deep guttural murmur which was something between a hiss and a groan, and it was while this unpleasant sound was filling ...
— At Love's Cost • Charles Garvice
... estates, was dispossessed and laughed out of court when he made his demand for some preposterous compensation; the owner of the discredited Dass patents makes his last appearance upon the scroll of history as the insolvent proprietor of a paper called The Cry for Justice, in which he duns the world for a hundred million pounds. That was the ingenuous Dass's idea of justice, that he ought to be paid about five million pounds annually because he had annexed the selvage ...
— The World Set Free • Herbert George Wells
... paid, though six months passed without any resuit or any practical step being taken in the matter. This state of affairs grew worse until the year 1443, when the King was obliged to plead with the Parliament in the character of an insolvent debtor, and, in order to obtain remission of part of his debt to the members, to guarantee to them a part ...
— Manners, Custom and Dress During the Middle Ages and During the Renaissance Period • Paul Lacroix
... not slaves, the property of their master; for afterwards it is assumed that he may sell them, not as an ordinary right, but as the special penalty incurred by an insolvent debtor. A king, in ancient times and oriental regions, entered into pecuniary transactions with his servants on a great scale. One man, who owes all to the personal favour of the sovereign, is the governor ...
— The Parables of Our Lord • William Arnot
... can think of, of her acquaintance, and can, perhaps, if not yourself, recommend the person most likely to influence her. Shelley had engaged to clear him of all demands, and he has gone down to the deep insolvent. ...
— The Works of Charles and Mary Lamb (Vol. 6) - Letters 1821-1842 • Charles and Mary Lamb
... novel circumstances, not only in the political sphere, but in the circle of money transactions. Among others, it shows that a government may be in a state of insolvency and a nation rich. So far as the fact is confined to the late Government of France, it was insolvent; because the nation would no longer support its extravagance, and therefore it could no longer support itself—but with respect to the nation all the means existed. A government may be said to be insolvent ...
— The Writings Of Thomas Paine, Complete - With Index to Volumes I - IV • Thomas Paine
... second week of my prostration, Mr. Marcus Weatherley absconded. This event so totally unlooked for by those who had had dealings with him, at once brought his financial condition to light. It was found that he had been really insolvent for several months past. The day after his departure a number of his acceptances became due. These acceptances proved to be four in number, amounting to exactly forty-two thousand dollars. So that that part of my uncle's story ...
— The Gerrard Street Mystery and Other Weird Tales • John Charles Dent
... Covenanter and sold in New Jersey as a four years' redemptioner to pay transportation expanses. Such servants were continually running away, which may have aided in abolishing the system. Paupers and criminals were fewest in New England. All the colonies imprisoned insolvent criminals, though dirt and damp made each prison a hell. All felonies were awarded capital punishment, and many minor crimes incurred barbarous penalties. Whipping-post, pillory, and stocks were in frequent ...
— History of the United States, Vol. I (of VI) • E. Benjamin Andrews
... be dead—what would happen? You would leave debts, for, although you are solvent, you are only solvent because you have the knack of always putting your hand on money, and death would automatically make you insolvent. You are one of those brave, jolly fellows who live up to their income. It is true that, in deference to fashion, you are now insured, but for a trifling and inadequate sum which would not yield the hundredth part of your present income. It is true that there is your business. But your business ...
— The Plain Man and His Wife • Arnold Bennett
... every day more frequent in the provinces, and especially in Italy. It was the effect of distress; and the distress was principally occasioned by the intolerant burden of taxes, and by the vexatious as well as cruel prosecutions of the officers of the revenue against their insolvent debtors. The less opulent or less industrious part of mankind, instead of rejoicing in an increase of family, deemed it an act of paternal tenderness to release their children from the impending miseries of a life which they themselves were unable to support. The humanity of Constantine; ...
— The History of The Decline and Fall of the Roman Empire - Volume 1 • Edward Gibbon
... the community in dependence by means of advances at enormous usury. The law of debt, framed by creditors, and for the protection of creditors, was the host horrible that has ever been known among men. The liberty and even the life of the insolvent were at the mercy of the Patrician money-lenders. Children often became slaves in consequence of the misfortunes of their parents. The debtor was imprisoned, not in a public jail under the care of impartial public functionaries, but in a ...
— Lays of Ancient Rome • Thomas Babington Macaulay
... reduced circumstances, until his death in 1836. At about the same time Jefferson received what he called his coup de grace. He had endorsed a note of twenty thousand dollars for Governor Wilson C. Nicholas and upon his becoming insolvent was held to the full amount of the note. His only assets were his lands which would bring only a fifth of their former price. To sell on these ruinous terms was to impoverish himself and his family. His distress was pathetic. In desperation he applied to the Legislature for permission to ...
— Jefferson and his Colleagues - A Chronicle of the Virginia Dynasty, Volume 15 In The - Chronicles Of America Series • Allen Johnson
... maxim of law was now extended to the whole territory of the league; no member of any of the federal states might live as a slave within the bounds of the league. Applications of this principle are seen in the enactment embodied in the Twelve Tables, that the insolvent debtor, in the event of his creditor wishing to sell him, must be sold beyond the boundary of the Tiber, in other words, beyond the territory of the league; and in the clause of the second treaty between Rome and Carthage, that an ally ...
— The History of Rome (Volumes 1-5) • Theodor Mommsen
... entered a city, and perceived a great crowd of people following the executioner, who led a young man by a rope tied about his neck. Inquiring the crime of the culprit, she was informed that he owed a hundred deenars, which being unable to pay, he was sentenced to be hung, such being the punishment of insolvent debtors in that city. The cauzee's wife, moved with compassion, immediately tendered the sum, being nearly all she had, when the young man was released, and falling upon his knees before her, vowed to dedicate his life to her ...
— The Arabian Nights Entertainments Complete • Anonymous
... my chair, sat looking at it. And there came a letter telling me that a man of whose name I had never heard had been killed by a cow in Melbourne, and that under his will a legacy of three thousand pounds fell into the estate of a distant relative of my own who had died peacefully and utterly insolvent eighteen months previously, leaving me his sole heir and representative, and I put the revolver back ...
— Sketches in Lavender, Blue and Green • Jerome K. Jerome
... in himself, promoted exertion in others; which, when prudence guided the helm, led on to fortune: But the bold adventurer who crouded sail, without ballast and without rudder, has been known to overset the vessel, and sink insolvent. ...
— An History of Birmingham (1783) • William Hutton
... destiny he had chosen with a scorn more unappeasable than any appetite; and that the destiny she was choosing with this snarling intensity was so glorious that it justified her scorn. He felt a conviction, which had the vague quality of melancholy, that he was morally insolvent, and a suspicion, which had the acute quality of pain, that his financial solvency was not such a great thing after all. For Ellen looked like an angry queen as well as an angry angel. It seemed possible ...
— The Judge • Rebecca West
... the Bamberg public on the very first evening; Count von Soden had placed the management of the theatre in the hands of a certain Cuno, whose affairs were so embarrassed that he never, or only seldom, paid his officials, and finally became insolvent in February, 1809. The disappointed director, embittered against the public by his failure to recommend himself to them, supported himself and his wife by composing the incidental music for the various pieces given at the theatre, at a small monthly salary ...
— Weird Tales, Vol. II. • E. T. A. Hoffmann
... most ample sense. There are slaves by birth and others by conquest, such as prisoners of war, insolvent debtors, and those seized by piratical expeditions to other islands. A creole friend of mine was one of these last. He had commenced clearing an estate for cane-growing on the Negros coast, when he was seized and carried off to Sulu Island. ...
— The Philippine Islands • John Foreman
... themselves with the provincial luxuries and wealth? No doubt you heard in what way our friend the philosopher gave the place of praetorian prefect to one who but three days before was a bankrupt,—insolvent, by G—, and a beggar. Be not you content: that same gentleman is now as rich as a prefect should be; and has been so, I tell you, any time these three days. And how, I pray you, how—how, my good sir? How but out of the bowels of the ...
— The Caesars • Thomas de Quincey
... purpose of these organisations is to create credit as a means of introducing capital into the agricultural industry. They perform the apparent miracle of giving solvency to a community composed almost entirely of insolvent individuals. The constitution of these bodies, which can, of course, be described only in broad outline here, is somewhat startling. They have no subscribed capital, but every member is liable for the entire debts of the association. Consequently the ...
— Ireland In The New Century • Horace Plunkett
... a letter comes to hand Astin' how I'd like to dicker fer some Illinois land— "The feller that had owned it," it went ahead to state, "Had jest deceased, insolvent, leavin' ...
— The Complete Works • James Whitcomb Riley
... a new code of laws, and now there was an ample prison-house for its transgressors! The penal code was frightful. An insolvent debtor was tied up half naked in a public place and beaten three hours a day for thirty or forty days, and then, if no one came to his rescue, with his wife and his children he was sold as a slave. But Siberia was to be the prison-house of a more serious class of offenders for whom this ...
— A Short History of Russia • Mary Platt Parmele
... poetry and philosophy, albeit but a poor brand of each. We are invited to occupy ourselves only with spiritual cash, because the universe is spiritually insolvent. The immediately gratifying feelings are the only feelings that the world can guarantee. Omar Khayyam is a philosopher-poet, because his immediate delight in "youth's sweet-scented manuscript" is part of a consciousness that vaguely sees, though ...
— The Approach to Philosophy • Ralph Barton Perry
... of which she and Ralph had been living for some time. Ralph Wotchett also had expectations. By profession he was an architect, but perhaps because of his expectations, he had always had bad luck. The involutions of the reasons why his clients died, became insolvent, abandoned their projects, or otherwise failed to come up to the scratch were followed by him alone in the full of their maze-like windings. The house they inhabited, indeed, was one of those he had designed for a client, but the 'fat chough' had refused to go into it ...
— Tatterdemalion • John Galsworthy
... visible and permanent security, the payment of the imposition, which, in the case of a land tax, may be obtained by the seizure of property, can rarely be extorted by any other means than those of corporal punishments. The cruel treatment of the insolvent debtors of the state, is attested, and was perhaps mitigated by a very humane edict of Constantine, who, disclaiming the use of racks and of scourges, allots a spacious and airy prison for ...
— The History of The Decline and Fall of the Roman Empire - Volume 2 • Edward Gibbon
... that the cruel and wicked persecution of the Jews, and the cancelling of all debts due to them by the landlords and the farmers, was in some measure owing to the general bankruptcy which the succession of bad seasons had brought about. Men found themselves hopelessly insolvent, and there was no other way of cancelling their obligations than by getting rid of their creditors. So when the king announced that all the Jews should be transported out of the realm, you may be sure that there were very few Christians who were sorry for them. There had been ...
— The Coming of the Friars • Augustus Jessopp
... hope for any abatement, had exhausted another minute or two of the time already so precious. The merchant hurriedly counted out the ten dollars, which Amos deliberately inspected, to see that they belonged to no insolvent bank, and then deposited them in his pocket. Having thus made quite sure of his reward, he dexterously opened the lock, and placed the merchant in possession of his property, in time to save his credit at ...
— Tales for Young and Old • Various
... to wind up, and found himself twenty-five hundred dollars worse than nothing. Several of his unpaid bills to eastern houses were placed in suit, and as he lived in a state where imprisonment for debt still existed, he was compelled to go through the forms required by the insolvent laws, to keep clear ...
— Graham's Magazine, Vol. XXXII No. 4, April 1848 • Various
... that such a person, though not uncommon in novels, very rarely occurs in real life; and if he occur at all, it is with his ideal perfections very much toned down. In actual life, such a hero would become known in the Insolvent Court, and would frequently appear before the police magistrates. He would eventually become a billiard-marker; and might ultimately be hanged, with general approval. If the man, in his unclipped proportions, did ...
— The Atlantic Monthly, Vol. 10, No. 58, August, 1862 • Various
... kind and faithful kinsfolk to the last. It is pleasant to be able to believe that Ralegh disappointed a relative's temporary calculations upon his incapacity of resistance, without acting the part of the insolvent steward ...
— Sir Walter Ralegh - A Biography • William Stebbing
... by the Government; and to this course the President fully committed himself as soon as the results of the election were known. He was impelled, further, by the conviction—notwithstanding unimpeachable evidence to the contrary—that the Bank was insolvent, and by his indignation at the refusal of Biddle and his associates to accept the electoral verdict as final. "Biddle shan't have the public money to break down the public administration with. It's settled. My mind's made up." So the President declared to Blair early in 1833. And ...
— The Reign of Andrew Jackson • Frederic Austin Ogg
... pronounced the banker's heart diseased. A week after this sudden and awful visitation, all that remained of Abraham Allcraft was committed to the dust, and Michael discovered, to his surprise and horror, that his father had died an insolvent ...
— Blackwood's Edinburgh Magazine, Volume 54, No. 337, November, 1843 • Various
... concern. Two years later, one of our historic panics shook the money-market, and in its course brought down Oak Farm.[203] A great accountant reported, a meeting was held at Freshfield's, the company was found hopelessly insolvent, and it was determined to wind up. The court directed a sale. In April 1849, at Birmingham, Mr. Gladstone purchased the concern on behalf of himself and his two brothers-in-law, subject to certain existing interests; and in May Sir Stephen Glynne ...
— The Life of William Ewart Gladstone, Vol. 1 (of 3) - 1809-1859 • John Morley
... year 1709. People never ceased wondering what had become of all the money of the realm. Nobody could any longer pay, because nobody was paid: the country-people, overwhelmed with exactions and with valueless property, had become insolvent: trade no longer yielded anything—good faith and confidence were at an end. Thus the King had no resources, except in terror and in his unlimited power, which, boundless as it was, failed also for want of having something to take and to exercise ...
— The Memoirs of Louis XIV., His Court and The Regency, Complete • Duc de Saint-Simon
... his father's example. He in his turn became the friend of the Regent, and to repair his shattered fortunes he engaged, at the advice of Lau, in those disastrous financial enterprises that paved the way for the Revolution. He failed completely in his ventures, left Paris insolvent, and took refuge in the Chateau de Chamondrin, where he hoped to escape the wrath of his creditors. But they complained to the king, and brought such influence to bear upon him that Louis XV., the Well-beloved, who ...
— Which? - or, Between Two Women • Ernest Daudet
... that duties enter into it quite as much as rights. Our duties may overbalance our rights. A man may owe more than he is worth, and therefore if a money value is set on his collective legal relations he may be what is called insolvent. But for all that the entire group of rights and duties which centres in him is not the less ...
— Ancient Law - Its Connection to the History of Early Society • Sir Henry James Sumner Maine
... repeat, there could be but one test as to the claim; and as we read in a police sheet, as a sufficient ground for arrest, the two words, "Drunk and Disorderly," so should any commission on pensions accept as valid grounds for a pension, "Insolvent and a Bankrupt." ...
— Cornelius O'Dowd Upon Men And Women And Other Things In General - Originally Published In Blackwood's Magazine - 1864 • Charles Lever
... Cato at last would meddle no more with him; yet joining with the accusers against Scipio's brother Lucius, he succeeded in obtaining a sentence against him, which condemned him to the payment of a large sum of money to the state; and being insolvent, and in danger of being thrown into jail, he was, by the interposition of the tribunes of the people, with much ado dismissed. It is also said of Cato, that when he met a certain youth, who had effected the disgrace of one of his father's ...
— Plutarch's Lives • A.H. Clough
... blessed vision, beheld an enormous bill, paid without difficulty or question. Fifty guineas here or there did not signify to their client, whilst to us—well, really, let a lawyer be as kind and disinterested as he will, fifty guineas disbursed upon the suit of an utterly insolvent, or persistently insolvent, client means something eminently ...
— The Uninhabited House • Mrs. J. H. Riddell
... estate, and as soon as practicable was going through the courts as an insolvent. The personal estate allowed him from the debris of his wealth he intended to settle on his aunts, and he hoped it might be sufficient to support them. Himself, he had the same prospects as ...
— My Brilliant Career • Miles Franklin
... were "King" Hooper and his wife of Marblehead. He was so called on account of his magnificent style of living. He was one of the Harvard Class of 1763; was a refugee in 1775, and died insolvent in 1790. The beautiful mansion which he built at Danvers, Mass., is still standing in perfect condition, and is the home of Francis Peabody, Esq. It is one of the finest examples of eighteenth century ...
— Diary of Anna Green Winslow - A Boston School Girl of 1771 • Anna Green Winslow
... "that your father's creditors have brought suit against his estate, and have attached his property so that you cannot sell it, or put it out of your hands in any way. If the court declares him insolvent, then everything belonging to him must go ...
— The Quality of Mercy • W. D. Howells
... pleas, among which was a certificate of discharge under the act of the legislature of the State of New York, of April 3d, 1801, for the relief of insolvent debtors, ...
— The Great Speeches and Orations of Daniel Webster • Daniel Webster
... there is no such thing as a wig or gown connected with the administration of justice. The gentlemen of the bar being barristers and attorneys too (for there is no division of those functions as in England) are no more removed from their clients than attorneys in our Court for the Relief of Insolvent Debtors are, from theirs. The jury are quite at home, and make themselves as comfortable as circumstances will permit. The witness is so little elevated above, or put aloof from, the crowd in the court, that a stranger entering during ...
— American Notes for General Circulation • Charles Dickens
... reposing in a dozen tills—so many notes going to protest with every tick of the clock. "I'll write home for funds," he decides; "but how am I to live while awaiting the remittance?" By giving more chits, only. He does this with a bold front for another month or so, and is doubly insolvent when the remittance finally comes to hand. Then he gives still more chits, ...
— East of Suez - Ceylon, India, China and Japan • Frederic Courtland Penfield
... buyers. I say nothing against M. Gandrin, but every man who knows Paris as I do, knows that M. Louvier can put, and has put, a great deal of money into M. Gandrin's pocket. The purchaser of your wood does not pay more than his deposit, and has just left the country insolvent. Your purchaser, M. Collot, was an adventurous speculator; he would have bought anything at any price, provided he had time to pay; if his speculations had been lucky he would have paid. M. Louvier knew, as I knew, that M. Collot was a gambler, ...
— The Parisians, Complete • Edward Bulwer-Lytton
... any legal authority, order the said Durbege Sing to be strictly imprisoned; and the said Durbege Sing, in consequence of the vexations, hardships, and oppressions aforesaid, died in a short time after, insolvent, but whether in prison or not ...
— The Works of the Right Honourable Edmund Burke, Vol. VIII. (of 12) • Edmund Burke
... could to Prevent her seeing that her scheme succeeded. "Neither Madam; he was a Wine Merchant." "Aye, I knew he was in some such low way—He broke did not he?" "I beleive not Ma'am." "Did not he abscond?" "I never heard that he did." "At least he died insolvent?" "I was never told so before." "Why, was not your FATHER as poor as a Rat" "I fancy not." "Was not he in the Kings Bench once?" "I never saw him there." She gave me SUCH a look, and turned away in a great passion; ...
— Persuasion • Jane Austen
... him instantly to put his hand into his pocket and bring out the amount of the bill, plus the amount of certain expenses, he thought that he did know. And he knew that were he in trade he would become a bankrupt; and he was well aware that such an occurrence would prove him to be insolvent. But he did not know what his creditors would immediately have the power of doing. That the fact of the bill having been dishonoured would reach the Board under which he served,—and, therefore, also ...
— The Last Chronicle of Barset • Anthony Trollope
... remembered, too, the tavern-keeper, a little man with a dirty, red beard, whose demeanour was at once timid and impudent. He saw him as he went and came, then saw him suddenly turn, lift the end of his caftan and wipe his cheek on it. What had happened? An insolvent debtor had spit in his face; he bore it smilingly. This smile was more repulsive to Count Abel than the great stain that resembled ...
— Samuel Brohl & Company • Victor Cherbuliez
... "Most men are insolvent to the other sex. Woman's noble tradition is to give more than she gets, and let us off the reckoning, quite well knowing it beyond our feeble powers to ...
— The Spinners • Eden Phillpotts
... bubbles burst, and high-pressure boilers blow up, and mountebanks of all descriptions flourish on public credulity. Everywhere there are wars and rumours of wars. The Peace Society has wound up its affairs in the Insolvent Court of Prophecy. A great tribulation is coming on the earth, and Apollyon in person is to be perpetual dictator all the nations. There is, to be sure, one piece of news your line, but it will be no news to you. ...
— Gryll Grange • Thomas Love Peacock
... a good deal better than hunting up the poor widows of insolvent merchants," said Mr. Jones to himself, as he walked the length of his store once or twice, rubbing his hands every now and then with irrepressible glee. "If I'd been led off by Smith on that fool's errand, just see what I would have lost. ...
— Finger Posts on the Way of Life • T. S. Arthur
... Under these circumstances, Morris could do nothing to procrastinate the crash; and, when it came, when prying eyes began to be applied to every joint of his behaviour, two questions could not fail to be addressed, sooner or later, to a speechless and perspiring insolvent. Where is Mr Joseph Finsbury? and how about your visit to the bank? Questions, how easy to put!—ye gods, how impossible to answer! The man to whom they should be addressed went certainly to gaol, and—eh! what was this?—possibly to the gallows. Morris was trying to shave when this idea ...
— The Wrong Box • Robert Louis Stevenson and Lloyd Osbourne
... said that we advocates get our money for nothing," he remarked, after a pause. "I have freed one insolvent debtor from a totally false charge, and now they all flock to me. Yet every such case costs enormous labour. Why, don't we, too, 'lose bits of flesh in the inkstand?' as some writer or other has said. Well, as to your case, or, rather, the case you are ...
— Resurrection • Count Leo Tolstoy
... keep invested a sum equal to about two-thirds of all the premiums paid on all existing policies. The moment they part with any portion of this reserve for any purpose whatsoever, they are declared insolvent and wound up by a receiver. In other words, the corporation is d——d if it does and the policy holder is d——d if it doesn't. That the latter gets the sulphur bath goes without saying. The four largest ...
— Volume 10 of Brann The Iconoclast • William Cowper Brann
... German banks, which could at any given moment sum up the prospects as well as the actual situation of each of their customers. It was this comprehensive survey which warranted some of the large advances they made to seemingly insolvent firms which afterwards grew to be the ...
— England and Germany • Emile Joseph Dillon
... Mediterranean, the difficulties which had surrounded him. Another gentleman who, having nothing to lose, surrendered himself to his creditors, was a director of more than twenty lines. A third was Provisional Committeeman to fifteen. A fourth, who commenced life as a printer, who became insolvent in 1832 and a bankrupt in 1837, who had negotiated partnerships, who had arranged embarrassed affairs, who had collected debts, and turned his attention to anything, did not disdain, also, to be a Railway promoter, a Railway director, or to spell ...
— Gossip in the First Decade of Victoria's Reign • John Ashton
... and I have moved out here for the summer. My city home is dismantled and in the hands of decorators. I have been here one week, during which I have had not a single night of uninterrupted sleep, and I intend to stay until I have recuperated. Moreover, if Mr. Armstrong died insolvent, as I believe was the case, his widow ought to be glad to be rid of so ...
— The Circular Staircase • Mary Roberts Rinehart
... dismayed at this, he almost immediately left his father's shop, and set up business for himself in the same neighbourhood, where he continued for two or three years, living, as it was supposed, upon the produce of his matrimonial connexion. At length, however, it was discovered that he was insolvent, and bankruptcy became the consequence. Here he remained till affairs were arranged, and then returned to London with his wife ...
— Real Life In London, Volumes I. and II. • Pierce Egan
... much is wanted and indispensable, and so little can as yet be furnished, probably Imposture is of sanative, anodyne nature, and man's Gullibility not his worst blessing. Suppose your sinews of war quite broken; I mean your military chest insolvent, forage all but exhausted; and that the whole army is about to mutiny, disband, and cut your and each other's throat,—then were it not well could you, as if by miracle, pay them in any sort of fairy-money, ...
— Sartor Resartus, and On Heroes, Hero-Worship, and the Heroic in History • Thomas Carlyle
... loose system of taxation. The Boers have never been good taxpayers, and no Government has been able to enforce the proper payment of taxes due to the State. A decade after its establishment the Republic was practically insolvent. Even as early as 1857 the Government was compelled to issue mandaten, or bills, wherewith to raise money to buy ammunition, and to pay its servants. In 1866 a regular issue of paper money was sanctioned by the Volksraad. This was followed by further ...
— South Africa and the Transvaal War, Vol. 1 (of 6) - From the Foundation of Cape Colony to the Boer Ultimatum - of 9th Oct. 1899 • Louis Creswicke
... be in Italy, it will never associate itself with actions directed to compelling Russia, in order to be recognized, to guarantee the payment of obligations assumed previous to the War and the revolution. Civilization has already suppressed corporal punishment for insolvent debtors, and slavery, from which individuals are released, should not be imposed on nations by democracies which say they ...
— Peaceless Europe • Francesco Saverio Nitti
... directed against Lord Redesdale's Insolvent Debtors Act, was presented by Romilly in the House of Commons, November 11, 1813, and by Lord Holland in the House of Lords, ...
— The Works of Lord Byron: Letters and Journals, Volume 2. • Lord Byron
... the city dweller who felt the pinch of poverty. Thousands of Western settlers who had purchased land under the Act of 1800, which permitted deferred payments, found themselves insolvent. More than $21,000,000, one fifth of the national debt, remained unpaid in the year 1820. To the importunities of these debtors Congress had yielded from time to time, but it was not until 1821 that it passed the first general relief act. Those who had not completed their payments within the prescribed ...
— Union and Democracy • Allen Johnson
... a commercial undertaking, for which he constantly draws bills which, as they fall due, threaten both his honor and his fortune, since they stamp him as a trader, and in default of payment may lead to his being declared insolvent; that these debts, which are owing to stationers, printers, lithographers, and print-colorists, who have supplied the materials for his publication, called A Picturesque History of China, now coming out in parts, are so heavy that these tradesmen have requested ...
— The Commission in Lunacy • Honore de Balzac
... your hands and melted away, have doubtless reached you: take care that they ascend no higher.... Determine to finish the contest as you began it, honestly and gloriously. Let it never be said that America had no sooner become independent than she became insolvent." ...
— The Atlantic Monthly, Volume 14, No. 85, November, 1864 • Various
... with one or both of them," rejoined Mr. Bruteman. "If so, you must buy them at auction, if you can. The law is inexorable. It requires that all the property of an insolvent debtor should be disposed of at ...
— A Romance of the Republic • Lydia Maria Francis Child
... have done so on the comparatively small scale of the dealings known to us. The few thousand involved could not have meant an enormous amount to Rufus. He had, it is true, begun his career on the Stock Exchange, found himself insolvent and been "hammered." But he had gone on to make large sums at the Bar—up to thirty thousand pounds a year; and his salary as Attorney-General was twenty thousand ...
— Gilbert Keith Chesterton • Maisie Ward
... Codrus shivers o'er his bags of gold, By famine wither'd, and benumb'd by cold, I mark his haggard eyes with frenzy roll, And feast upon the terrors of his soul; The wrecks of war, the perils of the deep, That curse with hideous dreams the caitiff's sleep; Insolvent debtors, thieves, and civil strife, Which daily persecute his wretched life, With all the horrors of prophetic dread, That rack his bosom while the mail is read. 160 Safe from the road, untainted by the school, A judge by birth, by destiny a fool, While the ...
— Poetical Works of Johnson, Parnell, Gray, and Smollett - With Memoirs, Critical Dissertations, and Explanatory Notes • Samuel Johnson, Thomas Parnell, Thomas Gray, and Tobias Smollett
... is liable to sudden fluctuations; and Rob Roy was, by a sudden depression of markets, and, as a friendly tradition adds, by the bad faith of a partner named MacDonald, whom he had imprudently received into his confidence, and intrusted with a considerable sum of money, rendered totally insolvent. He absconded, of course—not empty-handed, if it be true, as stated in an advertisement for his apprehension, that he had in his possession sums to the amount of L1000 sterling, obtained from several noblemen and gentlemen ...
— Rob Roy, Complete, Illustrated • Sir Walter Scott
... Knickerbocker Trust Company was in a precarious condition, and the directors, following the example of the other bank, appealed to the same committee. The investigation of the committee showed the company insolvent and aid was refused. When the facts became known, a run on the bank began and it was compelled to close its doors. The lack of confidence in other financial institutions was soon ...
— History of the United States, Volume 6 (of 6) • E. Benjamin Andrews
... quitted England abruptly, and never returned to it. He obtained a cruising vessel, which was lost in the Atlantic two years afterwards. The widow was left in affluence; but reverses of various kinds had befallen her; a bank broke—an investment failed—she went into a small business and became insolvent—then she entered into service, sinking lower and lower, from housekeeper down to maid-of-all work—never long retaining a place, though nothing decided against her character was ever alleged. She was considered sober, honest, and peculiarly quiet in her ways; still nothing prospered with ...
— The Best Ghost Stories • Various
... to be unable to pay his debts. Although the terms "bankruptcy" and "insolvency" are sometimes used indiscriminately, they have in legal and commercial usage distinct significations. When a person's financial liabilities are greater than his means of meeting them, he is said to be "insolvent"; but he may nevertheless be able to carry on his business affairs by means of credit, paying old debts by incurring new ones, and he may even, if fortunate, regain a position of solvency without his creditors ever being aware of his true condition. And even ...
— Encyclopaedia Britannica, 11th Edition, Volume 3, Part 1, Slice 2 - "Baconthorpe" to "Bankruptcy" • Various
... landlord, had a visage harsh and ill-favored, and he insisted on my discharging my debt. At this very early age, without having put in for my share of the gifts of fortune, I found myself in the state of an insolvent debtor. The demand harassed me so mercilessly that I could hold out no longer: the door being open, I took to my heels; and as the way was too plain to be missed, I ran home as fast as they could ...
— Library Of The World's Best Literature, Ancient And Modern, Vol 4 • Charles Dudley Warner
... it. I say these things have Convinc^d me of the Notorious Violation of the Rights of Mankind and which I think no Rational Man will Ever try to Justify. America my Earnest Prayer is that thou mayst preserve thy Own Freedom from any Insolvent Invaders who may attempt to Rob the of the Same—but be Sure to let Slavery of all kinds ever be Banish^d from ...
— Log-book of Timothy Boardman • Samuel W Boardman
... game, must try to draw it back by some other: and in England there are many. One man marries a rich heiress: another quacks: another opens a tabernacle, and wheedles himself into old women's wills. But perhaps the best way of all is to go into trade, break, take the benefit of the Insolvent Act, and in short get famously ruined; in which case ...
— Walladmor: - And Now Freely Translated from the German into English. - In Two Volumes. Vol. I. • Thomas De Quincey
... to-day (myself excepted) who does not owe him particular obligations — One of them he bailed out of a spunging-house, and afterwards paid the debt — another he translated into his family, and clothed, when he was turned out half naked from jail in consequence of an act for the relief of insolvent debtors — a third, who was reduced to a woollen night cap, and lived upon sheeps trotters, up three pair of stairs backward in Butcher-row, he took into present pay and free quarters, and enabled ...
— The Expedition of Humphry Clinker • Tobias Smollett
... woman was Marion. She had talent, and she had, besides—as the manager beside her had divined—one live play in her. But he doubted whether she had more than one. She looked insolvent, a dweller in the past, crippled by an acute memory. No doubt it was this self-regarding memory which had resulted in the play. It was obviously a personal experience, and as she was rich enough to share the risk of producing it, he was more than ready to put it on. It was full of ...
— The Lowest Rung - Together with The Hand on the Latch, St. Luke's Summer and The Understudy • Mary Cholmondeley
... Jouberthon was the only cause of this disagreement. The Emperor disapproved of this union because the lady's reputation was somewhat doubtful, and she was also divorced from her husband, who had become insolvent, and had fled to America. This insolvency, and the divorce especially, offended Napoleon deeply, who always felt a great ...
— The Memoirs of Napoleon Bonaparte • Bourrienne, Constant, and Stewarton
... and insolvent, her surviving husband shall be entitled to an allowance from her personal estate, and a distributive share in the residue thereof, in the same manner as a widow is in the estate of her husband; and if she leaves ...
— History of Woman Suffrage, Volume I • Elizabeth Cady Stanton, Susan B. Anthony, and Matilda Joslyn Gage
... realization yield the necessary amount? He could not tell. Again, when this debt was paid, would he be able to fulfil his engagements? Bankruptcy stared him in the face. A Sauvallier bankrupt? An officer of the Legion of Honour, a judge of the Tribunal of Commerce, insolvent? Never! He would ...
— The Strand Magazine: Volume VII, Issue 37. January, 1894. - An Illustrated Monthly • Edited by George Newnes
... other hidalgos were, exempt—had been able to earn and to lay by enough to offer the monarch fifty millions of dollars to purchase themselves out of semi-slavery into manhood, and yet found their offer rejected by an almost insolvent king. Nothing could exceed the idleness and the frivolity of the upper classes, as depicted by contemporary and not unfriendly observers. The nobles were as idle and as ignorant as their inferiors. They were not given to tournays nor to the delights ...
— The Rise of the Dutch Republic, 1555-1566 • John Lothrop Motley
... enough at freighting to keep himself and his crew in provisions for a week Felipe would anchor the navy and hang about the little telegraph office, looking like one of the chorus of an insolvent comic opera troupe besieging the manager's den. A hope for orders from the capital was always in his heart. That his services as admiral had never been called into requirement hurt his pride and patriotism. At every call he would inquire, gravely and expectantly, for despatches. ...
— Cabbages and Kings • O. Henry
... the newspaper office in which young Greeley was learning his trade became insolvent, and Greeley, then in his twentieth year, was released from his indentures. He tramped from office to office as a journeyman printer, and his father having removed to the then "new country of western Pennsylvania," the youngster, with ten dollars ...
— Great Men and Famous Women. Vol. 4 of 8 • Various
... every one, Guly, I would give poor Blanche's history, or what I know of it; but to you I am certain I can do so safely. To begin then at the beginning: She was the daughter of one of the wealthiest bankers in this city, who died several yeas ago insolvent, and left his wife and child destitute. Of course, their former friends cut them, all except a very few; and they took a suite of rooms in the Third Municipality, and removed thither with their few articles of furniture, and their blind and helpless relative. The mother's ...
— The Brother Clerks - A Tale of New-Orleans • Xariffa
... bill, you having no money, and receiving no greater income than 22 shillings per week, all of which was necessary to the maintenance of yourself and family. We regret again to call to your notice the Statute of 16 Eliz., entitled, "Concerning the Imprisonment of Insolvent Debtors," which we trust you will not oblige us to invoke in aid of our suffering client's rights. To be lenient and merciful is his inclination, and we are happy to communicate to you this most favorable tender for an acquittance of his ...
— Shakespeare's Insomnia, And the Causes Thereof • Franklin H. Head
... in prison near two years, my father was liberated by an Act for the benefit of insolvent debtors; he was then lost sight of for some time; at last, however, he made his appearance in the neighbourhood dressed like a gentleman, and seemingly possessed of plenty of money. He came to see me, took me into a field, and asked me how I was getting on. I told him I was dreadfully used, ...
— The Romany Rye • George Borrow
... September, 1825, the father, after a six months' illness, died at the age of forty-eight, leaving a wife and five children and an insolvent estate. There was literally nothing left for the family; the creditors seized everything; even the small sum which Phineas had loaned his father was held to be the property of a minor, and therefore belonging to the estate. The boy was obliged to borrow ...
— A Unique Story of a Marvellous Career. Life of Hon. Phineas T. • Joel Benton
... flagrant lies. He declared at first that he had paid the hundred thousand livres with his own money but when reminded of his various bankruptcies, the claims of his creditors, and the judgments obtained against him as an insolvent debtor, he made a complete volte-face, and declared he had borrowed the money from an advocate named Duclos, to whom he had given a bond in presence of a notary. In spite of all his protestations, the magistrate committed him to solitary confinement ...
— Celebrated Crimes, Complete • Alexandre Dumas, Pere
... and expends the funds of a private subscription raised for a hospital, and, at the time of his resignation, the treasury is empty, save 450,000 francs, half of which he puts in his pocket. What an administration!—In the presence of this debtor, evidently becoming insolvent, all people, far and near, interested in his business, consult together with alarm, and debtors are innumerable, consisting of bankers, merchants, manufacturers, employees, lenders of every kind and degree, and, in the front rank, the capitalists, who have put all their means for ...
— The Origins of Contemporary France, Volume 1 (of 6) - The Ancient Regime • Hippolyte A. Taine
... boarding-houses. But in such as are left, we may confidently expect to find the traditions of that more dignified time kept unsullied;—to find, indeed, as we find in the house of Milbrey, a settled air of gloom that suggests insolvent ...
— The Spenders - A Tale of the Third Generation • Harry Leon Wilson
... appeared at the present period little else than the shadow of what he had been. He not only lost heavily the usurious credit he had given, in consequence of the wide-spread poverty and crying distress of the wretched people, who were mostly insolvent, but he suffered severely by the outrages which had taken place, and doubly so in consequence of the anxiety which so many felt to wreak their vengeance on him, under that guise, for his heartlessness ...
— The Black Prophet: A Tale Of Irish Famine • William Carleton
... time released under the Insolvent Debtors' Act, and it was decided that he should go down to Plymouth, where Mrs. Micawber held that her ...
— The World's Greatest Books, Vol III • Arthur Mee and J.A. Hammerton, Eds.
... from the Consul for life, any fixed salary: I took from his drawer what was necessary for my expenses as well as his own: He never asked me for any account. After the transaction of the bill on the insolvent Cisalpine Republic he said to me, at the beginning of the winter of 1800, "Bourrienne, the weather, is becoming very bad; I will go but seldom to Malmaison. Whilst I am at council get my papers and little articles from Malmaison; here is ...
— Memoirs of Napoleon Bonaparte, Complete • Louis Antoine Fauvelet de Bourrienne
... find anything. They ransacked his house; they examined all his accounts, every paper that he had, in and out of prison. They searched and scrutinized everything. They had every penny of his fortune, and I believe, though I cannot with certainty know, that the man died insolvent; and it was not pretended that he had ever applied to his own use any part of ...
— The Works of the Right Honourable Edmund Burke, Vol. XI. (of 12) • Edmund Burke
... system of Bankruptcy. The people of Massachusetts, a commercial and manufacturing State from the beginning, have always desired a Bankrupt law. They were large dealers with other States and with other countries. Insolvent debtors in Massachusetts could not get discharge from their debts contracted in such dealings. The Massachusetts creditors having debts against insolvents in other States found that their debtors under the laws of those States either got preferences ...
— Autobiography of Seventy Years, Vol. 1-2 • George Hoar
... to Boston, I am told, to edit the "American Magazine of Useful Knowledge," for which he was to be paid a salary of six hundred dollars a year. The proprietors soon became insolvent, so that he received nothing, but he kept on just the same as if he had been paid regularly. The plan of the work proposed by the publishers of the magazine admitted no fiction into its pages. The magazine was printed on coarse paper and ...
— Yesterdays with Authors • James T. Fields
... the town, it is enough to say that the landlords of some of the houses tenanted by working men without work, by dangerous characters, and by the very poor employed in unhealthy toil, dare not demand their rents, and can find no bailiffs bold enough to evict insolvent lodgers. At the present time speculating builders, who are fast changing the aspect of this corner of Paris, and covering the waste ground lying between the Rue d'Amsterdam and the Rue Faubourg-du-Roule, will no doubt alter the character of the inhabitants; ...
— Poor Relations • Honore de Balzac
... lines have not been set in pleasant places. I should have been glad if Providence had allowed me to be a better father to you, a better husband to your poor mother—a better Christian, in fact—and had spared me the repeated humiliation of going through the Insolvent Debtors' Court. It is not always easy to understand the justice of these things: and it has often appeared to me that something of the favouritism which is the bane of our governments on earth must needs obtain at a higher tribunal. One man enters ...
— Charlotte's Inheritance • M. E. Braddon
... the Spartans reduced the entire population of Helos to servitude, so that Helot came to be synonymous with slave, while one of the laws inscribed on the Twelve Tables of Rome gave a creditor the right to sell an insolvent debtor into slavery to satisfy his claim. Wealthy Romans frequently possessed slaves, over whose lives and fortunes the owners ...
— Bartholomew de Las Casas; his life, apostolate, and writings • Francis Augustus MacNutt
... over his personal effects—plate, books, furniture, etc.—to be held in trust for his creditors (the estate itself had been settled on his eldest son when he married), and bound himself to discharge annually a certain amount of the liabilities of the insolvent firm. He then, with his characteristic energy, set about the performance of his herculean task. He took cheap lodgings, abridged his usual enjoyments and recreations, and labored harder than ever. The death of his ...
— Great Men and Famous Women, Vol. 7 of 8 • Charles F. (Charles Francis) Horne |
